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No quick fixes for high growth

Policy makers believe that the new Hindu rate of growth is eight per cent-plus, when in reality, this has only been achieved on a consistent basis during the short 2003-2007 period, writes Jayanta Roy The recent dip in the gross domestic product growth to five per cent has created a stir.The myth of the high growth trajectory is being challenged. It has even resulted in policy makers questioning the statistical basis for estimating this growth, and making assurances that the economy will ... Rediff.com, 2 months ago